StocksMarket.in

Asia Markets: Asian markets mixed on weak Japan manufacturing data

August 22
12:52 2019

Asian markets were mixed in early trading Thursday, following a day of gains on Wall Street.

Preliminary data Wednesday showed Japan’s manufacturing activity shrank for a fourth consecutive month, according to Reuters. The Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index rose to a seasonally adjusted 49.5 in August from 49.4 in July. Readings below 50 signify contraction.

Japan’s Nikkei NIK, +0.05%   fell out of positive territory and was last about flat, while Hong Kong’s Hang Seng Index HSI, -0.90%   fell 0.8%. The Shanghai Composite SHCOMP, +0.01%   slipped 0.2% and the Shenzhen Composite 399106, +0.27%   was about flat. South Korea’s Kospi 180721, -0.46%   fell 0.4%, while benchmark indexes in Taiwan Y9999, +0.04%  , Singapore STI, +0.21%   and Indonesia JAKIDX, -0.50%   were mixed. Australia’s S&P/ASX 200 XJO, +0.29%   rose 0.4%.

Among individual stocks, SoftBank 9984, -1.06%   fell in Tokyo trading, while Sony 6758, -2.40%   and Renesas Electronics 6723, -2.35%   slipped as well. In Hong Kong, Geely Automobile 175, +6.70%   surged, while AAC 2018, -1.55%   and Wharf Real Estate 1997, -2.19%   declined. Samsung 005930, -0.79%   dropped in South Korea, while Apple supplier Largan Precision 3008, +2.74%   gained in Taiwan. In Australia, Beach Energy BPT, +4.65%   and Fortescue Metals FMG, +1.24%   rallied.

On Wednesday, U.S. stocks finished higher after minutes from Federal Reserve’s July meeting offered few surprises and suggested that the central bank wanted to remain flexible in implementing policy changes.

We Want to Hear from You

Join the conversation

Related Articles

Archives